Canada invites “ambitious” projects to achieve net zero
SUMMARY
Two pathways set to access C$8bn in funding from Net Zero Accelerator
By Dale LunanPOSTED IN:
The government of Canada said March 18 it was inviting industry leaders to put forward their “most ambitious projects” to help the country achieve its net zero ambitions, drawing on C$8bn (US$6.3bn) of funding committed through its Net Zero Accelerator.
“Our government is calling for ambitious and innovative projects from companies in high-emitting sectors to help Canada scale up our clean-tech sector as we chart a path to net-zero,” innovation, science and industry minister Francois-Philippe Champagne said. “By supporting businesses that understand the economic benefit of lower emissions, we're prioritising a strong and sustainable economy, Canadian jobs and ensuring a cleaner future for generations to come.”
Potential industry partners are being encouraged to engage with Champagne’s department to explore potential projects along two paths, Path 1 for projects in high-emitting sectors that offer significant, short-term emission reductions within the next decade and Path 2 for transformational ideas – those that may be in earlier stages of development but which have long-term potential to set high-emitting sectors on a path to net zero by 2050, or sooner.
Potential partners are being invited to an information session on April 5 and for Path 1 proposals to be submitted by June 30. Path 2 is already open for submissions, and will remain open on an ongoing basis as companies move their projects through the development process.
